Budget 2024: Higher employersâ NPS contribution limit, tax-free annuity income on the wish-listJanuary 9th, 2024 14:27 PFRDA wants the employer NPS contribution limit to be raised from 10 percent to 12 percent. Exempting the principal component of annuity income, too, has been a long-time demand. A vote-on-account is unlikely to accommodate these demands, but the product already offers a plethora of tax breaks, making it an attractive retirement planning tool.
FO Manual | Nifty trades higher; 21,900 acts as crucial hurdle for the dayJanuary 9th, 2024 12:27 The index will undergo consolidation in the 21,900-21,300 range amid stock-specific action as we enter the Q3 earnings season. This would contribute to a healthier market and set the stage for the next leg of an upward move, says ICICI securities.